|[July 07, 2014]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action against PowerSecure International, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of July 22, 2014 -- POWR
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Eastern District
of California on behalf of investors who purchased PowerSecure
International, Inc. ("PowerSecure" or the "Company") (NYSE:POWR) common
stock between March 10, 2014 and May 7, 2014.
For more information, click here: http://zlk.9nl.com/powersecure-international-powr.
The complaint alleges that throughout the Class Period defendants
misrepresented and/or failed to disclose that: (1) the Company was
attempting to shift resources within its Utility Infrastructure business
from cerain lower-profit assignments to higher-profit assignments; (2)
this shifting of resources was negatively impacting the Company's
operations and utility services performance; (3) the Company was
experiencing productivity losses and higher costs within its utility
services group, which were negatively impacting the Company's gross
margins; and (4) as a result of the foregoing, Defendants' positive
statements about the Company's business, operations, and prospects
lacked a reasonable basis, and the Company's stock traded at
artificially inflated prices.
If you suffered a loss in PowerSecure you have until July 22, 2014 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at firstname.lastname@example.org
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/powersecure-international-powr.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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